Senate Armed Services Committee (SASC) Chairman Carl Levin (D-Mich.) said he is working on a plan to close tax loopholes to reduce sequestration budget cuts. Levin told members of the Reserve Officers Association at a conference in Washington that they do not have to accept the continuation of sequestration--the $500 billion in decade-long defense spending cuts that started in March. We “still have time to replace these mindless cuts with a balanced deficit-reduction package--one that protects our national security,…
Levin Calls For Tax Changes To Thwart Sequester
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